2201 West Texas Avenue
Midland, TX
Price:
$1,991,700
Cap Rate:
6.00%
NOI:
$119,500
Building Size:
Approx. 510 Sq. Ft.
Lot Size:
Approx. 0.48 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2023
Investment Overview
- 2024 Construction. 510+/- SF Building on 0.48+/- Acre Site
- Brand New 15-Year Absolute NNN Ground Lease w/ 10% Rental Increases Every 5 Years & (3) 5-Year Options to Renew
- Located Right off the Signalized Intersection of W Wall St (14,800+ VPD) & Andrews Hwy (33,567+ VPD)
- Adjacent to Midland Memorial Hospital, the Largest Hospital in Midland-Odessa with 2,500+ Employees, 225+ Beds, & Generates Over $1.3 Billion in Revenue.
- Average HH Income in a 1, 3, 5-Mile Radius Are All Over $133,000. The 5-Mile Radius Has Over 135,000 People and an Average HH Income Over $151,000.
- Unlike Most Coffee Chains, 7 Brew’s Unique Business Model Centers Solely on Drive-Thru Business and sees over $2.4M in Annual Revenue
- Midland | Projected to be the Fastest Growing Mid-Sized-City in the Country | MSA Population: 338,085+